US telecom operator Verizon announced earlier that it would shut down the company it acquired for $2020 million in 4.Online video conferencing service BlueJeans.
BlueJeans was founded in 2009 by Krish Ramakrishnan and Alagu Periyannan. Past partners include Salesforce, Facebook, MIT, Google, and LinkedIn. It was also one of the early adopters of remote conferencing services. Verizon announced its acquisition of BlueJeans in April 2020.
Currently, BlueJeans offers a free basic plan, and the free trial content will continue to be available until the end of August, but Verizon has not specified the specific time when the advanced plan that has been paid for previously can be used.
Although the specific reason for shutting down BlueJeans was not disclosed, only that it was a very difficult decision, many people believe that it is in line with the current situation of more and more businesses.Employees began to be asked to return to the office, which in turn reduces the situation of remote working mode.
On the other hand, facing market competition from similar services such as Zoom, Webex, and Microsoft Teams, and the fact that many businesses have begun to have different views on the remote work and flexible office models originally implemented during the epidemic, Verizon has obviously decided to end its investment in the development of online video services as soon as possible to avoid incurring even greater costs.
